About This Property
Welcome to Carnelian Woods, one of North Lake Tahoe’s most sought-after condominium communities, ideally located just a short walk from Patton Beach, Gar Woods Grill & Pier, and the Old Post Office Café. Nestled among towering pines in a peaceful forest setting, this beautifully updated three-story townhome offers the perfect blend of mountain charm, modern comfort, and exceptional community amenities. Residents and guests enjoy access to an Olympic-size swimming pool during the summer months, two year-round hot tubs, a clubhouse/lodge featuring arcade games and a pool table, and convenient proximity to North Lake Tahoe’s world-class ski resorts, hiking trails, dining, and recreation. The thoughtfully designed floor plan features two bedrooms, a sleeping loft, and two full bathrooms, comfortably accommodating family and friends. The main living area is located on the second (middle) floor and showcases an open-concept layout with updated flooring, renovated kitchen and dining spaces, contemporary lighting, and a cozy electric fireplace that creates a warm mountain ambiance. Large windows bring in natural light while the spacious deck provides the perfect setting for outdoor dining and entertaining with a gas barbecue. The fully equipped kitchen features an electric range, breakfast bar seating, and ample space for preparing meals after a day on the lake or slopes. On the entry level, the primary suite offers a king bed, generous closet space, a private patio, and direct access to a Jack-and-Jill bathroom with an oversized tiled walk-in shower. A second bedroom includes a queen bed and smart TV. The third-floor loft provides additional sleeping accommodations with two twin beds and one full bed, making this an ideal retreat for larger groups. Additional conveniences include separate washer and dryer closets and multiple smart TVs throughout the home. Located just moments from the shoreline of Lake Tahoe, Carnelian Woods is renowned for its easy lake access and exceptional year-round recreational opportunities. Please note that guests must climb stairs, as the home spans three levels with the main living areas situated on the second floor. The living room fireplace is electric. The property is equipped with a 40-gallon water heater, and as with many mountain properties, wildlife such as bears, coyotes, raccoons, and other native animals may occasionally be seen in the area.
Listing Details
Property History
Sale History · changed hands 1×
| Sold | Price | Listing agent (sell side) | Buyer agent (buy side) |
|---|---|---|---|
| Apr 1998 · county record | $142,000 | Deed record — brokerage sides not reported | |
MLS closed sales, with duplicate ingestions collapsed and lease records excluded, so each row is a distinct transaction. Rows marked county record come from the assessor's deed data, which reaches back further than the MLS feed; rows marked via a listing site fill the years the feed misses using that site's public sale record.
STR Investment Analysis
Yellow ZoneSTR Investment Summary — 5101 North Lake Boulevard #49, Carnelian Bay
Nightly rates and occupancy from Carnelian Bay market data (97 comparable 2-bedroom rentals, 2026-08); seasonality from comparable Tahoe rentals. Gross of management, cleaning and platform fees. Assumes full-year availability, professional management and dynamic pricing; owner use reduces it. Estimates vary.
Land Coverage (TRPA)
Tahoe Regional Planning Agency impervious-coverage budget for this parcel
TRPA caps how much of each Tahoe Basin parcel can be covered by impervious surfaces — buildings, driveways, decks. Estimated coverage — data: TRPA GIS / Tahoe Open Data. The only authoritative determination of coverage and land capability is a Land Capability Verification through TRPA; actual allowable coverage can differ due to verifications, transfers, banked coverage, or deed restrictions.
TRPA parcel fact sheet ↗Building Permit History
Placer County permit records for this parcel
Public permit records from the Placer County permit portal, last checked 2026-08-22. Open permits should be finaled or closed before close of escrow; verify current permit status directly with the county.
Cost Segregation Tax Savings
Estimated first-year bonus depreciation savings
